US down premarket, Dow plunges 280 points

Tuesday, 18. January 2022 10:31

Shares in the United States dropped on Tuesday in premarket trade, as the Dow Jones lost as much as 280 points and the Nasdaq plummeted 300 points. The uncertainty concerning the Omicron variant and inflation contributed to the ten-year Treasury yield reaching the highest point since January 2020. Meanwhile, oil futures hit levels not seen since October 2014.

The Dow Jones declined 0.75% or 271 points at 4:33 am ET, while the Nasdaq 100 fell by 2% or 311 points, and the S&P 500 was down 1.26% at the same time.

The euro traded 0.10% lower against the dollar and went for 1.13954 at 4:34 am ET.

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Author:
Baha Breaking the News (BBN) / DJ